I’ve crunched the numbers on the Inside Bar Momentum Strategy 2.0 for Q4 2018 and also for the year. Take a look!
If this is the first time you’re reading about this strategy, I suggest you take a look at the system rules before reading on.
Also, this version makes use of an adjusted stop loss size (from the original 20% of the first candlestick to 40% of its length) on both USD/JPY and GBP/JPY.
Note that I’m assuming 1% risk per position in crunching the percentage gains and losses. Here’s the tally for USD/JPY:
Quite a recovery from its performance in Q3 2018!
USD/JPY ended up with an impressive 20.05% gain for the period, thanks to a big % win on its last position. The average win was greater than the average loss this time while the maximum winning streak also beat the max drawdown by a mile. The 65.52% win rate ain’t too bad either!
Here’s how Guppy turned out:
Its average win was still larger than the average loss and so is its max winning streak. The 46.67% win rate isn’t all that impressive, though.
Most of the system’s gains were bagged in the first couple of quarters of the year while Q3 slowed for USD/JPY and Guppy didn’t had such a stellar run in Q4. All in all, USD/JPY scored a whopping 48.66% in gains for the year while Guppy trailed behind with a 39.20% win. Still pretty good, huh?
How do you think this mechanical trading system fared compared to my other strategies for the year?